Building from $30 - Easy?

SnG's

I'm still gathering the general information about money management. My approach right now is pretty simple. I play the 2.20 SnGs until I get to $30.. then play the 3.30 ones, etc. , moving my buy-ins up to ten percent of my bankroll. It's true that you can win regularly by being patient. Try starting your SnG right after a freeroll has filled up. Then you get the freerollers who missed out. They are frustrated and used to playing for nothing.

-Pathlord

First off, to the OP, you should have ~$400 to play 10c/20c NL. If you are playing limit you may be at least close to ok.

philthy said:

However, in your case, I would suggest not multi-tabling because you dont have the BR to handle the swings that will come with multi-tabling.

Click to expand...

philthy said:

Once you have a solid, stable BR you can try multi-tabling because you will be able to handle the swings and such.

Click to expand...

I've seen people make these claims countless times and they are false. Multi-tabling means you reach the long run quicker. It doesn't increase variance or swings. For example the OP said they went broke at 2 tables and tripled up at the other. If they had single tabled it most likely would have been:

1st session: bust
2nd session: bust
3rd session: triple up

Multi-tabling simply makes the long run come faster.

BUT if the OP is semi-new to poker, I would definitely not multi-table, because it will decrease your win-rate, and perhaps that's what philthy was getting at, because you will have a better winrate at a single table than at multiple tables. It is profitable though because you are playing more hands and this means as long as the winrate is not cut by the amount of tables you have (ie if you're 4-tabling as long as you have better than 1/4 of your winrate) then it is profitable.

But playing multiple tables at one time does not change the variance, in fact in a certain time frame it DECREASES the variance. Does everyone not agree that over 50,000 hands they're less likely to be down if they're a winning player than over 1,000 hands? Over the only thing that matters though, number of hands, the variance doesn't change. Since the variance doesn't change based on number of hands, the chance of busting does not change (besides the fact that if you play significantly worse you have a higher chance of busting).

cooterl said:

if you are nickel and diming it ur going to get those results. i would bump up ur sng to 10 dollar single table or 20 dollar and then see what real poker is about . it is not much money and u will see where you stand in the online poker community. this aint no penny arcade. play it dont let it play you

Click to expand...

Sorry, but this is absolutely horrible advice. If Phil Ivey sat at the $20 sngs with a $50 BR he would probably go broke at least 30% of the time. You want to build a BR so that eventually you could be at those levels, but unless you want to bust, or unless this is just spare money that is easily replaceable, don't follow this advice.

Not trying to ruffle any feathers but this guy seems like one big oximoron. 5% rule but multi-tabling, grinding it out but wants to earn a bank roll fast...I don't understand this guy